Well, i will say cold storage is prefferable when you are willing to hold your crypto for a long time. cold storage means storing your crypto in an offline device especially when you dont want to access it for a long time.it is the safest measure that can be taken to disallow hackers from hacking into someones privacy and clearing what doesnt belong to them.
mostly what i use to store my cryptos is papper wallet which is one of the two means of cold storage. i use this over hardware wallet because i will totally be in control of my account. it gives me the opportunity of printing my public and private key on a piece of papper and no one will be able to access it and i wont panick over hardware malfunction.
The exchange platform to me is only used for the cryptos i intended to trade on daily basis.i dont leave my coin on exchange as such because private key is going to be saved on another server which makes it more susceptible to hacking just like what happened to bitfinex in 2016 where more than $70million worth of bitcoin was hacked.
Cold storage has been the safest for me because its offline compared to exchanges that are online. It can never be hacked.if the keys are kept well,ones crypto can lie in it till eternity.
If I personally, I keep my funds in cold storage, because saving funds in the exchanger is not a recommended thing, because many cases of burglary on the website exchangers that cannot be resolved.
it depends on the exchanges and the cold storage method which i want to use,but from personal experience i have realized that cold storage is still the best to way to store my cryptocurrencies and make it more secure,there are some exchanges that have got hacked in the past and huge amount of bitcoin was stolen,so i prefer cold storage..
Well, i will say cold storage is prefferable when you are willing to hold your crypto for a long time. cold storage means storing your crypto in an offline device especially when you dont want to access it for a long time.it is the safest measure that can be taken to disallow hackers from hacking into someones privacy and clearing what doesnt belong to them.
mostly what i use to store my cryptos is papper wallet which is one of the two means of cold storage. i use this over hardware wallet because i will totally be in control of my account. it gives me the opportunity of printing my public and private key on a piece of papper and no one will be able to access it and i wont panick over hardware malfunction.
The exchange platform to me is only used for the cryptos i intended to trade on daily basis.i dont leave my coin on exchange as such because private key is going to be saved on another server which makes it more susceptible to hacking just like what happened to bitfinex in 2016 where more than $70million worth of bitcoin was hacked.
Cold storage has been the safest for me because its offline compared to exchanges that are online. It can never be hacked.if the keys are kept well,ones crypto can lie in it till eternity.
If I personally, I keep my funds in cold storage, because saving funds in the exchanger is not a recommended thing, because many cases of burglary on the website exchangers that cannot be resolved.
I always save SBD and steem on Bittrex because I think this is the most perfect
it depends on the exchanges and the cold storage method which i want to use,but from personal experience i have realized that cold storage is still the best to way to store my cryptocurrencies and make it more secure,there are some exchanges that have got hacked in the past and huge amount of bitcoin was stolen,so i prefer cold storage..